NiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best...
Trend: As expected, last week was very eventful with wild volatile moves. Nifty has given a very strong ATH weekly closing near 23300 by forming a hammer candle(hanging man) in weekly time frame. It means that bulls have crushed & empowered bears completely. Next week should be However, the exit polls seemed to be a perfect bull trap and the crash was a bear trap....
Chart Analysis 1) Stock on upward momentum to fill the sudden drop 2) Market Structure Breakout happened and consolidation on going 3) Taking EMA support and volume support for strong upward momentum
Dr Lal Path has made a Head & Shoulder pattern and a breakout from 2850 will move price towards 4000. Other factors: 1. Steady volumes 2. RSI is above 60 a WTF showing bullishness 3. MACD is making green 4. 20EMA is above the 50 & 100EMA "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
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eth broke out with a volume candle, let's see if it's a fakeout or price reaches 3600-3700
JK TYRE&INDUSTRIES revers from 200 ema and higher volume after level 432 breakout chances are very high to move up
The Manta Network (MANTA) daily chart showed a good start at first, but it peaked at the $4.0 supply zone. The dominant wind shifted into the bear's hands. The struggle between both parties led to a falling contractual wedge; the dip led to the lowest support at $0.95. The wedge appears to be narrowed enough, and looks anytime a move could pop out. The sustenance...
SAIL Long Term chart looks interesting. Breaking out of a long term channel supported by momentum, supported by relative strength and supported by volumes. Likely to move towards 2008 highs which presents a good upside opportunity from here. Watching closely. PS: Now I don't quite understand Elliot wave in detail, but try and lookout for whatever could to be 3rd...
Mahindra logistics is breaking out of a consolidation, supported by volumes and momentum and presents a good long term buy opportunity
MGL broke out of long term trendline, hit all time high, retested the breakout and is on its way again. Good opportunity
Gold costs will remain caught until "some thing shakes up the marketplace as a whole." to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses. Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2...
Gold prices will continue to be stuck until "something shakes up the market as a whole." to recover back to 2,340 USD/ounce. This fully offset last week's losses. Investors should not sell at this time because "if you are holding gold long-term, there is no reason to sell because the price is still above 2,200 USD/ounce".
Details: Asset: Wipro Limited (WIPRO) Pattern: Cup and Handle Breakout Level: Above handle resistance (specific level not mentioned, assuming current resistance) Potential Target: 545 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Wipro Limited (WIPRO) is forming a cup and handle pattern, which is a bullish...
Breakout happened some time back, just caught my eye Maybe a small retracement before it starts upward journey again - worth tracking
Garware Hi Tech is an excellent story in Indian specialty polymer films space. Breakout seems to be on solid volumes, lets see if it can sustain and keep above key moving averages. Bullish bias if it does.
Elliott Wave Analysis:- A triangle is formed and a upside breakout is expected in a weekly pattern.
I'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations. Today i found IEX ,which has given breakout in Weekly, Based on current price action movement in the IEX chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.